We've said it once, and we'll say it again. Sure, there are break points in the book to split up the film into thirds; however, this isn't a storyline that needs more than two movies to put the story to bed.

Jackson promises that the use of an 125-page appendices included in "The Lord of the Rings: The Return of the King" will deliver more than enough material for the impending franchise.

"In the novel, Gandalf disappears for various patches of time.In 1936, when Tolkien was writing that book, he didn’t have a clue what Gandalf was doing. But later on, when he did The Lord of the Rings and he’d hit on this whole epic story, he was going to go back and revise The Hobbit and he wrote all these notes about how Gandalf disappears and was really investigating the possible return of Sauron, the villain from The Lord of the Rings. Sauron doesn’t appear at all in The Hobbit."

While we're excited for a more direct link between the LOTR and its prequel, we think Jackson's main challenge is seeing whether or not you can successfully turn a one-trick pony into a three-ring circus without it feeling too drawn out.

Regardless, we're thinking Jackson can make up for that with his ability for ...

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One of the many reasons we go back to watch Jackson's return to Middle Earth is because of the quality of the films.

Similar to Rowling with "Potter," Jackson makes us believe in the reality of a fictional universe.

From the New Zealand hills of Hobbiton, down to the hair and makeup that make the dwarves themselves, the director makes the set come alive and it shows.

Each of the dwarves has six wigs and eight beards (for the actors, stunt doubles, and stand-ins) all real human hair imported from Russia.

And, though he's not in the film, actor Sean Astin shared at New York Comic Con that even the Hobbit shoes have been reimagined since the first series of films and are extra cozy. (Apparently, they weren't all that comfortable to get around in during the LOTR due to a simple latex and foam build.)

When Peter Jackson announced he planned on filming the "Hobbit" prequel in 48 frames-per-second (the norm is just half of that at 24 fps), it sounded sort of cool, until the critiques came back and people were up in arms.

After ten minutes of the footage was shown earlier this year at CinemaCon, critics were divided between calling the footage "smooth" and impressive, to calling it "too clear" and comparing the look to that of a soap opera.

We can sigh and grunt (or applaud) the inclusion of a third "Hobbit" film; however, Jackson's always one to deliver when it comes to giving us lengthy 2+ hour feature films.

Jackson originally went over the 160 minute call for "King Kong" by 20 minutes. Instead of cutting the film, Jackson exceeded Universal's expectations. The addition cost the studio a reported extra $20 million in production, of which Jackson paid half.

So, when Warner Bros. shells out hundreds of millions for a Jackson film, we can probably count it's going to pay off, trilogy or not.